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Dec 23, 2012
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that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news contributor steven crowder who joins us from dallas, texas. hello, steven. >> hello judge or as we say in french "judge jeanine." i don't know if that is french. >> judge jeanine: i don't know either. >> actually no, i am french canadian. >> judge jeanine: can you you tell us what this fiscal cliff is? >> well, listen, i don't know about the package you just ran. i did go out and interview people on the street for the fiscal cliff. i apparently had
that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it....
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Dec 23, 2012
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is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase
is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and...
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Dec 23, 2012
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i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the co
i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff?...
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Dec 23, 2012
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there's no way we're going -- you know, i think we're going over the fiscal cliff here, and it's going to be a big crisis, and everybody's going to wring their hands, and that's, hopefully, we're going to get a deal which is going to require raising taxes, which the republicans are going to hit, and cutting back entitlements that the democrats are going to hate, but it needs a compromise. i wish eisenhower were here to engineer that compromise. yes, sir? >> two quick questions. the first one is in response to something thaw yoid just minutes ago. i just came here from the vietnam memorial wall, and there are names from 1959. i think those needed to be noted in a footnote as happening -- >> that's true. >> under president eisenhower east watch. the bigger, little question as we've spoken. you signed my book, but i have not had a chance to read it. i don't know the depth in which you go in the u2 affair that's already been touched on, but i am mindful that from beschloss's book called "may day" -- >> a great book. >> recounts the memoirs in 1964 calling up the then director of cia -- >>
there's no way we're going -- you know, i think we're going over the fiscal cliff here, and it's going to be a big crisis, and everybody's going to wring their hands, and that's, hopefully, we're going to get a deal which is going to require raising taxes, which the republicans are going to hit, and cutting back entitlements that the democrats are going to hate, but it needs a compromise. i wish eisenhower were here to engineer that compromise. yes, sir? >> two quick questions. the first...
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Dec 23, 2012
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here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the daily beast" had its own failure, reported that plan had passed plan b before correcting the error 15 minutes later. hillary clinton did not testify this week the a congressional hearings on the benghazi attack because she's recovering from a concussion suffered after she had fainted. some fox news commentators practically demanded she get a note from her doctor. >> she's suffering from acute benghazi allergy which causes lightheadedness when she hears the word benghazi or is being asked about it. >> how could she get a concussion when she's been ducking everything. this is what i don't understand. makes no sense
here's what i like with the country a week interest ligds off the fiscal cliff "the wall street journal" has a terrific reconstruction of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the...
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Dec 23, 2012
12/12
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no way we are going fast but i think were going over the cliff, fiscal cliff here, and it's going to be a big crisis and everybody will wring their hands and then hopefully we're going to get a deal, which is going to require raising taxes. republicans going to hate and cutting back entitlements and democrats like the. and it will require a complex. i wish dwight eisenhower here work to engineer that compromise. >> two quick questions. the first one is in response to something you said just a few minutes ago. i just came here from the vietnam memorial wall, and there are some names from 1959 picks i think those need to be noted at least in a footnote. this happening under president eisenhower's watch. >> that's true. >> the bigger question as with or spoken to or spoken, you've only or spoken to you for i'm about but have a chance to read it yet, so i don't know the depth to which you go in the u2 affair that's already been touched on, but i am mindful that -- 1986 study called mayday. >> a great book. >> the very end of the book, he accounts eisenhower writing his memoirs in 1954, c
no way we are going fast but i think were going over the cliff, fiscal cliff here, and it's going to be a big crisis and everybody will wring their hands and then hopefully we're going to get a deal, which is going to require raising taxes. republicans going to hate and cutting back entitlements and democrats like the. and it will require a complex. i wish dwight eisenhower here work to engineer that compromise. >> two quick questions. the first one is in response to something you said...